According to a new market intelligence report by BIS Research, titled "Global High-Altitude Aeronautics Platform Station Market, Analysis & Forecast, 2018 - 2028", the HAAPS market is expected to reach $12.40 billion by 2028. HAAPS is considered to be a powerful technology which has a competitive advantage over conventional satellites and terrestrial-based systems. On the basis of the platform, HAAPS are categorized as unmanned aerial vehicles, airships, balloons, tethered aerostats, and tethered drones.

The global HAAPS market is driven by several factors, such as competitive edge over conventional satellite systems in terms of cost of operation & maintenance, increased tensions across the borders, and growing terrorism. Moreover, the military modernization programs of different armed forces across are strengthening the homeland security of the forces, pushing the sales of HAAPS.

The key manufacturers of HAAPS are indulging in partnerships, contracts, and joint ventures strategies to develop innovative solutions into the market. According to BIS Research Analysis, the global HAAPS market was estimated at $3,756.8 million in 2017.

With the increasing opportunities around HAAPS, companies operating in this industry are compelled to come up with collaborative strategies in order to expand their business. Moreover, extensive R&D activities and appropriate regulatory environments are also a prerequisite for the sustained growth of the market. Lockheed Martin, Raytheon, Raven Aerostar, Thales Alenia Space, and Bye Aerospace, and Airbus are some of the manufacturers of HAAPS.

According to Sudheer Uniyal, Analyst at BIS Research, "HAAPS are majorly used by commercial end users, government and military forces. Commercial segment is expected to register the highest CAGR in the forecast period (2018-2028) owing to the increasing developments in HAAPS for telecommunication and space tourism applications. The market share of military end-user is also anticipated to increase considerably during the forecast period. The growing need for high-capacity wireless communication services is likely to push the development of HAAPS to provide wireless connectivity."

The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and developments. It also includes a competitive analysis of the leading players in the industry, including corporate overview, financials, financial summary, and SWOT analysis. The overall market has been segmented by platform, namely: unmanned aerial vehicles, airships, balloons, tethered aerostats and tethered drones. Another segmentation has been done based on end users namely: commercial, government, and military. The report also includes a comprehensive section on the geographical analysis including country-wise analysis for more than 9 countries.

This report is a meticulous compilation of research on more than 50 players in the HAAPS ecosystem and draws upon insights from in-depth interviews with key opinion leaders of more than 10 leading companies, market participants, and vendors. The report also profiles around 12 companies namely AeroVironment, Inc., Airbus Group SE, AlphaLink, Augur RosAeroSystems, Bye Aerospace, Lockheed Martin, Raven Industries, Thales Group, and TCOM L.P., among others.

Key questions answered in the report:

• What are the major market drivers, challenges, and opportunities in the global HAAPS market and their case studies?

• How the HAAPS market is evolving, and what is its scope in the future?

• What was the total revenue generated in the global HAAPS market in 2017, and what will be the estimate for the revenue in 2018 and forecast for the revenue by 2028?

• How will each segment of the global HAAPS market grow during the forecast period, and what will be the revenue generated by each of the segments by the end of 2028?

• What was the total revenue generated in the HAAPS market by the end user in 2017, and what will be the estimates in 2018, and forecast till 2028?

• Which HAAPS end-users (commercial, government, and military) will dominate the market in the coming years?

• What was the total revenue generated in the HAAPS market (by type) in 2017, and what will be the estimate for the revenue in 2018 and forecast for the revenue by 2028?

• Which HAAPS platform will dominate the market in the coming years?

• How will the industry evolve during the forecast period between 2017 and 2028?

• What are the key developmental strategies implemented by the key players to stand out in this market?

• What will be the growth rate of different segments during the forecast period?

• How has the market been segmented on the basis of platform and end users?

• Which geographical location will dominate the HAAPS market?

• What is the competitive strength of the key players in the HAAPS market?

• Who are the key players in the market, along with their detailed analysis and profiles (including their financials, company snapshots, key products & services, and SWOT analysis)?

BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.